Telangana CM Revanth Reddy Secures Massive Investments in US and South Korea

Telangana Chief Minister A Revanth Reddy successfully concluded a tour of the US and South Korea, resulting in 19 investment deals worth Rs 31,500 crore and generating 30,750 jobs. The tour included high-level meetings and pitches, particularly in the textile and automotive sectors, bolstering Telangana's economic prospects.

Telangana Chief Minister A Revanth Reddy returned to Hyderabad on Wednesday following a highly successful tour of the United States and South Korea aimed at attracting investments to the state.

Revanth Reddy, along with state Industries Minister D Sridhar Babu, received a grand welcome at the RGI airport in Hyderabad upon their arrival.

The Chief Minister embarked on his US tour on August 3. Throughout their stay, the CM's delegation engaged in over 50 business meetings and three roundtable conferences in key cities including New York, Washington DC, Dallas, and California, culminating in 19 investment deals and Memorandums of Understanding (MOUs) worth Rs 31,500 crore, translating into 30,750 new jobs for Telangana, as per an official release.

In South Korea, Revanth Reddy promoted the mega textile park in Warangal as a prime investment destination for Korean textile companies. Furthermore, the state government announced that Hyundai, through its Indian subsidiary Hyundai Motor India Engineering Pvt Ltd. (HMIE), plans to set up a 'Mega Test Center' in Telangana.

(With inputs from agencies.)